Mahindra Logistics Limited — Investor Meet, 02-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Logistics turned profitable in Q3FY26 after 11 quarters of losses. Revenue climbed 19% YoY to ₹1,898 Cr, gross margins hit 10%, and EBITDA jumped 40% to ₹102.8 Cr. Operational PAT stood at ₹9.2 Cr. Management noted strong execution and cost control. Express volumes surged 19%, nearing EBITDA breakeven. 3PL, Freight, and Mobility also saw robust growth. Last-mile is challenging but improving. Company is on track to cut 'white space' by 95% by Sept '26, confident in continued margin expansion.